financing

• reservation fee
  CZK 200,000 to be paid within 3 days of signing of the reservation contract
• down payment
  20% of the total purchase price to be paid within 14 days of the signing of the Future Purchase Contract (including the reservation fee)
• balance due
  80% of the total purchase price to be paid after the building is approved

Financing with a subsidised mortgage by UBM Development Czechia
with an interest rate guarantee of
2.99 % when buying an apartment in the Arcus City project and
2.89 % when buying an apartment in the Timber Praha project

In cooperation with the project partners, HYPOASISTENT s.r.o. and Raiffeisenbank a.s., a mortgage product was prepared for the clients of the Arcus City and Timber Praha project, allowing low monthly payments and low APR thanks to the interest rate of 2.99 % and 2.89 % with a fixation period of 2 years.

The mortgage becomes more affordable because the low payments allow the demanding person to obtain a higher value of the mortgage loan and lower income is sufficient to obtain it. When the fixation ends in 2 years, lower inflation and thus lower interest rates can be expected.

Experienced HYPOASISTENT specialists ensure convenient processing and drawing of the mortgage and the provider of the subsidised mortgage is the Raiffeisenbank banking house.

The fixation period starts from the approval of the loan and ends in 2 years. The client will take out the mortgage after completion, when they will receive a request for payment of the price. To this end, he will draw down the mortgage and start repaying it monthly in low instalments corresponding to an interest rate of 2.99 % or 2.89 %. At the end of the fixation period, the apartment owner will be offered a new rate by the bank, which he can accept or negotiate for a better rate or refinance with another bank free of charge.

We can also help you with standard mortgage financing

The mortgage partner of the Arcus City and Timber Praha project, HYPOASISTENT, will arrange financing with the most favourable terms and conditions for all mortgage banks.

Advantages of financing with HYPOASISTENT

free consultation, all HYPOASISTENT services are free, you will work with a personal mortgage specialist who will

• advise you discreetly and prepare a mortgage calculation in any bank
• advise you on the type of interest rate
• help you complete the documents
• select the most suitable product for you from a wide range of mortgage products
• provide you with extraordinary discounts on interest rates that are valid only for clients of the project
• provide you with a free appraisal of the apartment you are buying
• arrange with the bank the contractual documentation for your mortgage loan
• arrange mortgage agreements with the bank and the developer for your chosen apartment
• provide you with documentation for your apartment
• arrange communication between the developer and you
• arrange communication with the cadastral office (land and property register) and the bank
• communicate with the developer, the cadastral office (land and property register) and the bank in the approval processes important for obtaining a mortgage loan
• work with you and the bank to take out a loan to cover part of the purchase price

Please note that the HYPOASISTENT service is intended only for clients who conclude a mortgage loan contract through it.

Financing through a mortgage loan without HYPOASISTENT

In the event that you decide not to use the HYPOASISTENT service, you assume the obligation to ensure the following processes and responsibility for the timely submission of all documents and the timely drawdown of the loan for the payment of the purchase price.

• You must arrange and submit the mortgage loan processing documents to the mortgage bank yourself
• You yourself must arrange and negotiate the terms and conditions for taking out a mortgage loan in accordance with the contractual documentation with the developer/seller
• You yourself must present a validly concluded loan agreement to the developer/seller by the due date
• You yourself must arrange for the property to be inspected or for the property documents to be supplied to the valuer (an obligation to attend the inspection together with the valuer)
• You yourself must ensure the preparation of the mortgage agreement yourself in accordance with the template agreed with the banks with which the developer/seller works
• You yourself must submit the mortgage agreement to the developer/seller for approval in electronic form
• You yourself communicate with the mortgage bank any changes to the mortgage agreement and provide all supporting documentation for the apartment and submit to the bank in the event that the submitted wording does not comply with the approved template
• You yourself arrange the finalisation of the mortgage agreement with the mortgage bank and the developer/seller
• You yourself ensure the delivery of the approved mortgage agreement to the developer / seller for signature and submit the application for registration to the cadastral office
• you are responsible for submitting the supporting documents to the mortgage bank to draw the mortgage loan

For clients who arrange a mortgage loan through HYPOASISTENT, the assigned Personal Mortgage Specialist will perform all of the above tasks.